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Podcast: My FX Buddies
Episode: The Iraqi dollar and the first day “passed peacefully”..
Description: The Iraqi dollar and the first day “passed peacefully”.. The Central Bank is innocent and devoted to the dinar
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Quick review by Mahmoud Dagher
The Central Bank receives the dinar from the banks, which is the money of the customers (traders), and converts it into dollars and delivers it to the foreign correspondent banks. It will not undertake the auditing, but they will undertake that.
The currency selling window will remain, but its mission will not be to sell dollars but to convert dinars into dolla...